作为一个个人投资者，最起初给自己定下的目标也就是10%足矣，不奢望更多。在标的选择上也多以深 度价值为主，人弃我取。前两年开始，更关注公司的质地、关注公司的长期ROE，是因为我深知施洛斯 这样的频繁滚动烟蒂股赚取估值水平回归的打法，既不适合不那么勤奋的自己，也不适合这个参与者众 多、一眼便宜极少的时代。 当下更多思考的是人性在获得感充盈后能否承受失去的痛楚，自己能否承受？通俗的举例子，就是直接 获得10块钱，和先获得100块再失去90块，这两者之间感性上的差异。说实话逃离人性真的很难，即便 是一次次做思想实验，我仍然无法保证真的到那一刻自己会怎么想。而这两年的收益率确实也让我有些 惴惴不安，始终保持一颗在路上的心，stay hungry stay foolish。 我羡慕段永平每天打高尔夫的研究方法，但这个方式对于绝大部分人来说可以说是贻误终生，这不仅强 调了非常强大的商业模式和未来格局的远见，也要求了极强的择时能力，而后者是99.999%的人无论处 于自身还是外部原因都无法拥有的。 中午抽了点时间看了一下A股账户，总的来说这两年由运气导致的回报还是远超出了自己的预期。 至于会不会卖掉，我觉得三种情况各个大神 ...

现货黄金 盯盘神器·现货黄金：非农进行强势打压，最强支撑位不断下移 非农新增人数意外超预期，失业率下降，现货黄金应声快速下挫，目前价格抵达期权押注较重要位3331附近。而实盘多空订单 比也显示整体情绪偏空，超52%的订单做空为主，下方1H指标共振点的最强支撑位已经下移至3306.12-3309.87区域，具体 见"VIP专区-盯盘神器"。 ...

能源化工期权 2025-07-03 能源化工期权策略早报 | 卢品先 | 投研经理 | 从业资格号：F3047321 | 交易咨询号：Z0015541 | 邮箱：lupx@wkqh.cn | | --- | --- | --- | --- | --- | | 黄柯涵 | 期权研究员 | 从业资格号：F03138607 | 电话：0755-23375252 | 邮箱：huangkh@wkqh.cn | | 李仁君 | 产业服务 | 从业资格号：F03090207 | 交易咨询号：Z0016947 | 邮箱：lirj@wkqh.cn | 能源化工期权策略早报概要：能源类：原油、LPG；聚烯烃类期权：聚丙烯、聚氯乙烯、塑料、苯乙烯；聚酯类期 权：对二甲苯、PTA、短纤、瓶片；碱化工类：烧碱、纯碱；其他能源化工类：橡胶等。 策略上：构建卖方为主的期权组合策略以及现货套保或备兑策略增强收益。 表1：标的期货市场概况 | 期权品种 | 标的合约 | 最新价 | 涨跌 | 涨跌幅 | 成交量 | 量变化 | 持仓量 | 仓变化 | | --- | --- | --- | --- | --- | --- | --- | -- ...

菜籽系产业日报 2025-07-03 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 研究员: 许方莉 期货从业资格号F3073708 期货投资咨询从业证书号Z0017638 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 最新 环比 数据指标 最新 环比 | | | | | | --- | --- | --- | --- | --- | --- | | | 期货收盘价(活跃合约):菜籽油(日,元/吨) | 9619 | 0 期货收盘价(活跃合约):菜籽粕(日,元/吨) | 2601 | 23 | | 期货市场 | 菜油月间差(9-1):(日,元/吨) 主力合约持仓量:菜油(日,手) | 69 329243 | ...

金融期权 2025/07/03 金融期权策略早报 | 卢品先 | 投研经理 | 从业资格号：F3047321 | 交易咨询号：Z0015541 | 邮箱：lupx@wkqh.cn | | --- | --- | --- | --- | --- | | 黄柯涵 | 期权研究员 | 从业资格号：F03138607 | 电话：0755-23375252 | 邮箱：huangkh@wkqh.cn | 金融期权策略早报概要： （1）股市短评：上证综指数、大盘蓝筹股、中小盘股和创业板股表现为高位震荡行情。 （2）金融期权波动性分析：金融期权隐含波动率均值较高水平水平波动。 （3）金融期权策略与建议：对于ETF期权来说，适合构建备兑策略和偏中性的双卖策略，垂直价差组合策略；对于 股指期权来说，适合构建偏中性的双卖策略和期权合成期货多头或空头与期货空头或多头做套利策略。 表1：金融市场重要指数概况 | 重要指数 | 指数代码 | 收盘价 | 涨跌 | 涨跌幅 | 成交额 | 额变化 | PE | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | （%） | ...

金属期权 2025-07-03 金属期权策略早报 | 卢品先 | 投研经理 | 从业资格号：F3047321 | 交易咨询号：Z0015541 | 邮箱：lupx@wkqh.cn | | --- | --- | --- | --- | --- | | 黄柯涵 | 期权研究员 | 从业资格号：F03138607 | 电话：0755-23375252 | 邮箱：huangkh@wkqh.cn | | 李仁君 | 产业服务 | 从业资格号：F03090207 | 交易咨询号：Z0016947 | 邮箱：lirj@wkqh.cn | 金属期权策略早报概要：（1）有色金属偏多震荡，构建看涨期权牛市价差组合策略和做空波动率策略策略；（2） 黑色系区间盘整震荡逐渐，适合构建卖方期权中性组合策略；（3）贵金属黄金高位盘整弱势回落，构建现货避险 策略。 表1：标的期货市场概况 | 期权品种 | 标的合约 | 最新价 | 涨跌 | 涨跌幅 | 成交量 | 量变化 | 持仓量 | 仓变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | （%） ...

期权标的行情波动龙虎榜： | ma508 | 1.3% | 21 | 2.0% | 4 | 1.1% | 26 | | --- | --- | --- | --- | --- | --- | --- | | cu2508 | 1.3% | 22 | 0.6% | 52 | 0.6% | 54 | | px509 | 1.3% | 23 | 1.6% | 9 | 1.5% | 18 | | au2508 | 1.3% | 24 | 0.7% | 47 | 0.8% | 42 | | sm508 | 1.3% | 25 | 1.0% | 26 | 1.1% | 27 | | i2508 | 1.3% | 26 | 0.9% | 36 | 1.8% | 15 | | lg2511 | 1.3% | 27 | 0.8% | 43 | 1.0% | 33 | | 科创50etf7月 | 1.3% | 28 | 0.9% | 29 | 0.7% | 52 | | rm508 | 1.3% | 29 | 1.1% | 24 | 1.8% | 14 | | sf508 | 1.3% | 30 | 1.1% | 23 | 1. ...

盯盘神器·现货白银：抵达资金关键战场 现货白银涨势在欧盘加速，目前价格已经进入期权押注的较重要区域36.9-37.15，这里容易引发资金重点关注。结合盯盘神 器-1H指标共振点来看，最强阻力位也汇合在37.075附近，此处之上无明显阻力压制，故这里应是多头续涨的首个关键战场，具 体见"VIP专区-盯盘神器"。 盯盘神器使用指南 现货白银 ...

Core Viewpoint - The company conducted a self-examination regarding the trading activities of insiders and incentive recipients related to the 2025 stock option incentive plan, confirming no insider trading occurred prior to the public announcement of the plan [1][3]. Group 1: Examination Process - The self-examination covered the period from December 16, 2024, to June 16, 2025, focusing on stock trading activities of insiders and incentive recipients [1]. - The examination was based on information provided by the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, which issued relevant certificates and detailed lists of share changes [2]. Group 2: Trading Activities of Insiders - Six individuals were identified as having engaged in stock trading during the examination period, with two being incentive recipients [2]. - The Chairman and General Manager, Chen Xueming, purchased shares as part of a previously disclosed increase plan, unrelated to insider information regarding the incentive plan [2]. - Other trading activities by five individuals, including two incentive recipients, were based on publicly disclosed information and independent market judgment, with no insider information influencing their trades [2][3]. Group 3: Conclusion of the Examination - The company found no evidence of information leakage or insider trading related to the incentive plan prior to its public disclosure [3]. - The company adhered to strict confidentiality measures and regulations during the planning and discussion phases of the incentive plan [3].

Core Viewpoint - Foxconn Industrial Internet Co., Ltd. has reported on the stock option and restricted stock incentive plan for 2019, detailing the exercise of stock options and the status of shares as of the second quarter of 2025. Group 1: Stock Option Exercise Details - The number of stock options exercisable in the fifth exercise period of the 2019 incentive plan is 13,265 shares, representing 0.39% of the total exercisable options for that period. As of April 30, 2025, a total of 3,242,376 shares have been exercised, accounting for 94.49% of the total options available for exercise in that period [1][16]. - For the portion of reserved stock options in the fifth exercise period, 46,960 options are available, with 1,680 shares exercised in the second quarter of 2025, which is 3.58% of the total options for that period [1][16]. - The remaining reserved stock options in the fifth exercise period total 941,750, with 587,374 shares exercised, representing 62.37% of the total options available for that period [1][16]. Group 2: Decision-Making and Disclosure Process - The decision-making process for the stock option exercise involved multiple meetings where independent directors and the supervisory board provided their opinions and legal advice was obtained from Beijing King & Wood Mallesons [1][16]. - The company has disclosed relevant information regarding the stock option and restricted stock incentive plan through the Shanghai Stock Exchange and other designated media [1][16]. Group 3: Impact on Financials and Share Structure - The total funds raised from this incentive plan amount to 5,927,421.28 yuan, which will be used to supplement the company's working capital [1][17]. - The exercise of stock options will result in an increase of 602,319 shares in the company's total share count, bringing the total to 19,859,465,126 shares, with no change in the controlling shareholder [1][17].